Nasdaq has threatened Liberty with delisting because of its inability to file financial statements for its second and third quarter of fiscal 2018 and its Form 10-K for 2018 in a timely manner.

Liberty says it will be able to file those financial statements with the SEC by October 31.

An appeal will not stop the suspension in trading. The Hearings Panel will file a Form 25 Form 25 NSE Notification of Delisting with the Securities and Exchange Commission once all applicable Nasdaq appeal and review periods have expired in order to effect the delisting.

During the suspension, Liberty anticipates its shares will be eligible to trade on the OTC Pink Market Tier. Liberty says there is no assurance  a market maker will apply to quote the Company’s securities or that they will become eligible for the pink sheets.